Remote work can save employers and estimated $200B per year and help reduce inflation. Workers are willing to accept smaller pay for increased work from home options. A recent paper found that this would reduce wage growth by 2 percentage points over two years.
Read Remote Work Could Save Firms $206 Billion and Ease Pressure on the Fed from Bloomberg.
See also:
- American workers are willing to take a pay cut to work remote
- Google employees could face pay cuts due to working remote
- But there might be perks too, places that will pay you to move and work remotely
- Could inflation make remote work part of monetary policy?